skrimon Posted April 26 Report Share Posted April 26 18 hours ago, Nilde Lucchese said: The foreign exchange market, also known as forex or FX, is the largest and most liquid financial market globally, where currencies are traded. It operates 24 hours a day, five days a week, allowing participants to buy, sell, exchange, and speculate on currency pairs. Major participants include banks, corporations, governments, central banks, and individual traders. The forex market facilitates international trade and investment by determining exchange rates between different currencies. Its decentralized nature, high liquidity, and low barriers to entry make it attractive to traders worldwide. Great summary of the forex market! One key aspect to add might be the distinction between spot forex (immediate exchange) and forex forwards/futures (contracted exchange at a future date). This can impact trading strategies for different market participants. Are you interested in spot forex or a specific type of forex derivative? Link to comment Share on other sites More sharing options...
Hanan Öberg Posted April 29 Report Share Posted April 29 The foreign exchange market, or forex, is a global decentralized marketplace where currencies are traded. It facilitates currency conversion and determines exchange rates for international trade and investment. It operates 24/5 and is the largest financial market in the world by trading volume. Link to comment Share on other sites More sharing options...
maspluto Posted April 30 Report Share Posted April 30 Forex trading can be highly profitable when understood and mastered correctly. That's why I continue to develop my understanding, knowledge, and skills, so that I can grow and trade to the fullest extent possible with Tickmill. Link to comment Share on other sites More sharing options...
skrimon Posted April 30 Report Share Posted April 30 3 hours ago, maspluto said: Forex trading can be highly profitable when understood and mastered correctly. That's why I continue to develop my understanding, knowledge, and skills, so that I can grow and trade to the fullest extent possible with Tickmill. Great attitude! Forex proficiency is a continuous journey. Beyond technical and fundamental analysis, do you also consider incorporating risk management strategies into your skillset? There are many resources available online to help forex traders develop a well-rounded approach, like https://home.forexpropfirm.com/. This website offers educational content on various forex trading aspects, which could be a valuable addition to your learning process. Link to comment Share on other sites More sharing options...
maspluto Posted Thursday at 01:03 AM Report Share Posted Thursday at 01:03 AM Analytical skills are a significantly influential factor. Therefore, it is advisable to develop these analytical skills so that one can later analyze the market accurately and benefit with Tickmill. Link to comment Share on other sites More sharing options...
skrimon Posted Thursday at 09:40 AM Report Share Posted Thursday at 09:40 AM 8 hours ago, maspluto said: Analytical skills are a significantly influential factor. Therefore, it is advisable to develop these analytical skills so that one can later analyze the market accurately and benefit with Tickmill. Absolutely, strong analytical skills are crucial for forex trading. Understanding price charts, technical indicators, and fundamental factors allows you to make informed decisions and potentially benefit from market movements on platforms like Tickmill. Link to comment Share on other sites More sharing options...
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